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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operations:    
Net earnings for reportable segments $ 111,330 $ 289,244
Adjustments for:    
Long-term compensation plans 18,888 6,659
Depreciation and amortization 309,314 297,557
Gain on asset disposals (16,148) (24,469)
Loss on asset decommissioning 0 9,592
Foreign exchange 2,442 (866)
Finance charges 69,753 83,414
Income taxes 43,229 (23,465)
Other (272) (229)
Loss on investments and other assets 1,484 6,810
Gain on acquisition 0 (25,761)
Gain on repurchase of unsecured senior notes 0 (137)
Income taxes paid (6,459) (3,103)
Income taxes recovered 85 24
Interest paid (72,241) (83,037)
Interest received 1,967 1,176
Funds provided by operations 463,372 533,409
Changes in non-cash working capital balances 18,711 (32,838)
Cash provided by operations 482,083 500,571
Investments:    
Purchase of property, plant and equipment (216,647) (224,960)
Purchase of intangibles (51) (1,789)
Proceeds on sale of property, plant and equipment 30,395 23,841
Proceeds from sale of investments and other assets 3,623 10,013
Business acquisitions, net 0 (28,646)
Purchase of investments and other assets (725) (5,343)
Receipt of finance lease payments 799 255
Changes in non-cash working capital balances (20,380) 11,845
Cash used in investing activities (202,986) (214,784)
Financing:    
Issuance of long-term debt 27,978 162,649
Repayment of long-term debt (204,319) (375,237)
Repurchase of share capital (75,488) (29,955)
Issuance of common shares from the exercise of options 686 0
Debt amendment fees (1,363) 0
Lease payments (13,271) (9,423)
Funding from non-controlling interest 4,392 0
Cash used in financing activities (261,385) (251,966)
Effect of exchange rate changes on cash and cash equivalents 1,877 (1,226)
Increase in cash 19,589 32,595
Cash, beginning of year 54,182 21,587
Cash, end of year $ 73,771 $ 54,182